Triangle: The EUR/GBP has been elbowing its way out of a triangle, but remains in a sideways, consolidation mode. This week, it broke below the triangle support, but bounced off the previous support in the 0.8465-0.8475 area. Now, it is in a pivot area roughly between 0.8530-0.8540. A break above 0.8540 might put the focus back to the 0.8590-0.86 area. Range, breakout scenarios: The daily chart shows the EUR/GBP ranging within a larger range roughly between 0.84 and 0.8635. A break above 0.8640 opens up the 0.8790-0.8814 highs. Note that price is still trading above the 200-day SMA and the bullish outlook has the ... (full story)